ABS

  • Greenwashing is in the mouth of the investor

    Accusations of greenwashing have been infrequent in the 14 year old green bond market, which mainly sticks to uncontroversial assets, such as renewable energy and railways. The sustainability-linked bond market is only a toddler, but already a much more difficult child. No wonder: it is handling tougher material.

  • 'As good as it gets' — Hertz prints blockbuster ABS

    'As good as it gets' — Hertz prints blockbuster ABS

    Hertz received a very warm welcome back into the ABS market on Thursday, marking the start of a successful emergence out of bankruptcy. The deal, its first since the bankruptcy, was well oversubscribed and priced much tighter than initial pricing thoughts, showing the comfort and interest investors had towards it.

  • ‘New market’ anticipated as EBA cements ABS sustainability framework

    ‘New market’ anticipated as EBA cements ABS sustainability framework

    Securitization is set to receive a sustainability makeover later in 2021 when the European Banking Authority finalises its mandate. Market participants are asking for better capital treatment to put ABS on a level with covered bonds, but others worry political influence could leave the market behind, writes Tom Brown.

  • Cross River Bank acquires data analytics firm PeerIQ

    Cross River Bank acquires data analytics firm PeerIQ

    Cross River Bank announced on Wednesday that it acquired PeerIQ earlier this year, establishing its foothold as a fintech bank. This is the bank’s second large acquisition of a fintech after the purchase of small business banking company, Seed, and it will certainly not be the last, market participants say.

  • Sabey preps data center ABS to fund expansion

    Sabey preps data center ABS to fund expansion

    Sabey Data Centers is preparing a data center securitization backed by its three million square feet of data center assets, as Fitch slammed the sector pointing to higher leverage than comparable digital real estate assets. Sabey, a privately owned multi-tenant data center company, will continue to tap ABS to fund further expansion of its business, the company said.

  • Santander said to be among banks targeting first synthetic STS deals

    Santander said to be among banks targeting first synthetic STS deals

    European banks are rushing to finalise the first synthetic ABS transaction to achieve a ‘simple, transparent and standardised’ (STS) verification. The debut deal, which marks a turning point for the significant risk transfer market, has already been signed and is set to arrive in the coming months.

  • USSIM poaches BlackRock head of European ABS

    USSIM poaches BlackRock head of European ABS

    The University Superannuation Scheme, one of the UK’s largest pension schemes, has hired BlackRock’s Janet Oram as head of asset-backed securities at its investment management arm.

  • ECB’s Schnabel hints at shape of green QE

    ECB’s Schnabel hints at shape of green QE

    The pace at which central banks are accelerating towards skewing monetary policy to support the fight against climate change was brought home this week by a speech by Isabel Schnabel, an executive board member at the European Central Bank, in which she went further than ever before in calling for strong action and hinted at how the ECB might do it.

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Every Friday, we break down the biggest themes and takeaways from GlobalCapital’s weekly reporting to give you a look at what is happening across consumer and esoteric ABS, RMBS, CMBS and CLOs.




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